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Indonesian government may exclude crude palm oil from export ban
CNBC-TV18 learns that Indonesia’s ban on palm oil exports which comes into effect from the April 28 may exclude crude palm oil and refined palm oil, however an official confirmation from the Indonesian government is awaited.
CNBC-TV18 had learnt on April 25 that Indonesia’s ban on palm oil exports, which comes into effect from April 28, may exclude crude palm oil and refined palm oil. The Indonesian government later clarified that the export ban wouldn’t be applicable to crude palm oil but will only cover shipments of refined, bleached, deodorised (RBD) palm olein
India imports 45 percent of its palm oil from Indonesia, 45 percent from Malaysia and 10 percent from Thailand.
Indonesia’s export ban is focused on controlling its domestic inflation.
Watch video for more.
(Correction: A previous version of this story had said refined palm oil could be excluded from Indonesia's export ban but the nation has clarified that the ban would be applicable to refined, bleached, deodorised (RBD) palm olein.)
First Published: Apr 25, 2022 10:10 PM IST
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